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NYC NYC
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8 years ago
Assume that the substitution effect dominates the income effect. When wages rise:
A) people will work fewer hors.
B) people will work more hours.
C) the effect on the hours people work is ambiguous.
D) people will work the same number of hours.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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8 years ago
Thanks for answering Slight Smile
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